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Maurel et Prom Announces a Successful Test From Onal-703 in Gabon

03-17-2008

Maurel & Prom said its Onal-703 development well in Gabon tested with an oil eruptive rate of 1,550 bpd in the upper level and 320 bpd in the lower interval of the deposit.

These results are the best to date on the field and demonstrate for the first time the productivity of the lower level, the company said.

The upper level could not be tested with the pump, as the eruptive rate greatly exceeded the capacity of the equipment, it said.

The maximum productivity of Onal-703 will be determined from the interpretation of the test data and confirmed in 2008 after first oil.

Onal-703 is the fourth well of the 2007 Onal development drilling program. The first three wells reached their objectives at the predicted depths and were not tested according to the work program. These wells will be completed in 2008 before first oil, Maurel et Prom said.

The rig is now being moved to the Onal-601 platform to continue the drilling program, it said.